India's ONGC sells 35,000 tonnes naphtha at $34/tonne premium

20 September 2012 02:54  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha for loading in early October, traders said on Thursday.

The cargoes were awarded to major oil and gas company Total at a premium of $34/tonne to Middle East quotes FOB (free on board) for loading from Hazira on 3-4 October, they said.

In its previous tender, ONGC sold 35,000 tonnes of naphtha to Chinese trading firm Unipec at a premium of $39/tonne to Middle East quotes FOB for loading from Hazira on 23-24 September.


By: Felicia Loo



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